Money Under 30
Type of site
Personal finance
Founded2006
HeadquartersYarmouth, Maine
Area servedWorldwide
OwnerDavid Weliver
Founder(s)David Weliver
IndustryFinancial
URLmoneyunder30.com
Current statusActive

Money Under 30 is a personal finance website specializing in financial advice for young adults.

History

Money Under 30 was founded in 2006 by David Weliver, the website's editor.[1][2] As an intern at finance magazine SmartMoney, he observed that the financial advice was geared toward people with large portfolios, and there wasn't much available for young adults seeking basic financial advice.[3] He initially created Money Under 30 as a way to document his efforts to recover from his own problems with debt, by working two jobs and minimizing his living expenses.[4][5][6]

In June 2023, XLMedia completed the sale of Money Under 30 back to its original owner for $675,000. [7]

Recognition

Information and advice from the website has been cited and reprinted in media outlets including USA Today,[4] New York Times,[1] Washington Post,[8] Forbes,[9] CNBC,[10] and Business Insider.[11] In 2014, Kiplinger named it one of the top money and finance blogs to read.[12] In August 2017, British marketing company XLMedia announced it had acquired Money Under 30 for $7 million.[13]

Services

The website compares financial services and offers advice on paying off debt, credit cards, student loans, mortgages, banking, and buying cars, and addresses such issues as common money mistakes and money saving strategies. It also offers a weekly newsletter and a seven-day course, MoneySchool, teaching basic finances.[1][11][12] It caters to young adults who need help understanding the basics of personal finance.[12]

References

  1. 1 2 3 Lisa Prevost, "Millennials Investing in Rental Properties," New York Times, November 20, 2015.
  2. ↑ "Q&A Spotlight: Money Under 30," Iontuition, April 27, 2016.
  3. ↑ "Expert Interview with David Weliver on Personal Finance for Millennials," Mint.com. Retrieved April 9, 2018.
  4. 1 2 Anne Godlasky, "How to get your financial house in order," USA Today, May 15, 2013.
  5. ↑ Frank Chaparro, "Millennials and Credit Cards: Interview With Money Under 30 David Weliver," WFUV, October 17, 2016.
  6. ↑ Amrita Jayakumar, "How I Ditched Debt: Money Under 30," NerdWallet, July 16, 2017.
  7. ↑ "After Selling for $675,000, MoneyUnder30's New Owner is Revealed". Detailed. Retrieved 11 August 2023.
  8. ↑ Jonnelle Marte, "A college graduate's guide to managing money in the real world," Washington Post, June 5, 2015.
  9. ↑ Maggie McGrath, "6 Tough Money Choices For Millennials – And How To Make Them," Forbes, October 8, 2013.
  10. ↑ Kathleen Elkins, "Here's how much Olympic athletes make in different countries," CNBC, February 25, 2018.
  11. 1 2 David Weliver, "This Simple Mind Trick Will Make Saving Money Easy," Business Insider, April 3, 2014.
  12. 1 2 3 Cameron Huddleston, "10 Top Money and Finance Blogs You Should Read," Kiplinger, February 18, 2014.
  13. ↑ "XLMedia Buys www.MoneyUnder30.com for USD7.0 Million," Alliance News, August 14, 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.